define take down
define target area
define target audience
define target industry
define tax base ... everything seen as taxable within
a location.
define tax funds:
... money or other resources, such as
property provided through a taxing
authority as opposed to contributed
funds. For example, a local
development authority may operate entirely with tax funding
or with a mix of funding as a quasi-governmental
organization
tax incentive ... an inducement offered as
a tax abatement ... not
universally supported.
taxes and incentives:
... a category of economic
development data see
the information about
location incentives in the resource
archive. Also see tax
incentives defined above.
taxing authority:
... that which has enforcement powers to extract
an involuntary contribution for supporting a government entity
or program;
a government agency is position to levy a tax;
a government agency which places a financial charge on a property,
generally after an assessment.
tax increment financing: (TIF)
... a means of incentive or community development financing whereby
property values in an area are maintained at a specified level until
property values begin to risesee Lessons from the Field provided
online by the Northeast-Midwest Institute (USA).
tax map:
... a graphic representation showing and defining real estate in
relationship to contiguous real property in order to determine or
state value for assessing and taxing purposes.
tax package:
... an accounting for all taxes and abatements
to be expected at a location; taxes and tax shelters, abatements
and incentives presented
all together in order to accommodate an analysis, such as a ten-year-cash-flow.
tax
shelter ... an allowance for a postponement or elimination of
a tax liability.
technical labor:
... workers experienced or trained in skills that allow
them to do analytical thinking on the job; technicians.
Additional technology
terminology resources are in the .network library.
technical school:
... a college or other place where technical skills
are taught ... for training technicians.
technology transfer:
... the movement of ideas and resources, generally
of a scientific nature, applicable to commercial or industrial
objectives from academia to the the outside world for nurturing,
testing or otherwise introducing them into the enterprise
development process; to convey a practical application,
method, procedures, technique, tool or idea from a laboratory
or
incubation to
a commercial or industrial environment; to pass technological information
and/or resources from one enterprise to
another in order for it to be put to use.
telecom ... abbreviation
for telecommunications,
for example, telecom
technology.
telecommuting ... virtually going to and from work online at
home; to telecommute.
telework center:
... a location where employees use telecommunications tools to perform
their jobs.
temp
... temporary;
someone working at a job temporarily.
ten-year-cash-flow:
... a sensitivity
analysis; a cost
analysis for an enterprise
development project based on the source and application of funds.
A skilled site
selector would include it as part of a comparative
analysis,
for example, considering the projecting the value of tax
incentives (the source) against the one-time cost of relocation
services. Certain
assumptions have to be made so experience
counts. Labor
turnover is very likely to increase after relocation;
therefore, knowing how to gather the information to project its
time and costs
before settling back to what it was before or improving is as much
part of an analysis as is capital.
define tenant
define thread ... to tediously navigate, maneuver, or
proceed through something.
define tight money ... funds difficult to obtainmore
define timeline ... a chronological
list or liner arrangement of dates organized for reference
define time is money:
... emphasis on the value of a unit of time in terms
of a currency; a phrase associated with the principle of finance stating
that money is worth
more the sooner it's received because of potential earning capacity; time
value of money based on its availability in the present
and seen as worth more than the same amount in the future due to
its capacity to earn interest; an expression implied when making
a point such as don't waste time.
define time is of the essence:
... an expression that emphasizes a time-value, such
the metaphor: time
is money; a boiler plate expression in contracts, such
as a real estate agreement, that requires performance with punctuality;
to hurry someone along by implying that there is a value on
time.
time-price differential:
... the difference between the purchase price
of real estate and its higher cost-total if it were to be purchased
on an installment basis, including finance charges.
time value of money:
... the maxim that makes it acceptable to charge interest;
a principle professing that money received now is worth more than
it will be
when received latersee
time-is-money.
title insurance:
... an indemnity
agreement under which an insurer warrants to make
good a loss arising through defects in title to real estate or any
liens or encumbrances thereon. A title insurance company actually
contracts to protect the holder-of-title by a recording
act against
something that may have already happened, but is not yet discovered
or revealed.
tool:
... anything used to perform a task or
to facilitate a process, for example, a search
tool. The Network is useful
tool for members of
a target
audience. It can also be described as
a vehicle as
well as a resource. Here
are examples of tools available within The Network: (1)
the Google/.network search
engine; (2) guides for developing site
selection criteria or PSF (forms
used to collect criteria from prospects);
(3) the Site
Selection Directory (a tool use by enterprise
developers and site
selectors to conveniently and securely publish project
specifications and profiles online,
for free, in order to gather economic
development data from places
of interest; and, (4) the Global
Registry of Contacts.
top decision maker:
... one among those having authority
to make up their minds about matters which trigger actions
or
bring
about
consequences for
which they are
fully responsible;
one in charge who makes the final decisions and is in the position
of which it can the said: the
buck stops here.
topography:
... definition of the nature of a surface as in
topography
map or topo.
Contours are
the best known elements of topo
maps, therefore they may also be referred to
a contour
maps.
tort:
... a negligent or intentional act of wrong-doing arising form breach
of duty as defined by law rather than contract; therefore it is a
violation of a legal right. It is also defined as a civil wrong such
as a negligence, liable nuisance, trespass, slander of title or false
incarceration.
Total Quality Management: (TQM)
... a strategic production method that allows workers to voluntarily
strive to meet or exceed the the expectations of customers as applied
to performance at every level and in all areas of responsibility;
following consideration for the voice of the customer, a
combination of management techniques and team efforts within a disciplined
structure focused on continuously improving all processes (continuous
improvement). The term quality circle is used to describe
a production team that is dedicated to qualitymore information
from Xavier University of Louisiana, New Orleans, LA.
tourism:
... the economic development effort aimed at attracting
visitors to a locationone
definition of economic development states that it is the increasing
... of
capital through the community and reducing its leakage. The
Network provides a resource paper: Tourism
as Economic DevelopmentA
Brief Guide for Communities and Entrepreneurs. Tourism or tourist
information or visitor information is a location
data element.
tourism promotion:
... as a specialized form of
marketing, the entire set of approaches to attracting potential
visitor attention to a location; the basic activity
of a person engaged in tourism development.
trade school
... an institution providing instruction that prepares
students with know-how for a specific work-discipline or craft;
an operation having a program or programs that readies people for
labor
force participation with credential for working at an acceptable
standard of proficiency in a craft; an
training program operated by a trade
union dedicated, in part, to the development
of specialized member skills through apprenticeships that are on-the-job
training or pre-employment
training; a category of location
data. Trade schools and technical
schools are not the same.
training facility:
... the learning environment in which
programs of practice and hands-on experiences
are provided with instruction to help trainees
reach a standard of
proficiency or qualify for a particular type
of work; a training environment in which one
or more programs are facilitated. A worker
training environment may be in the facility of
an employer with the program referred to as OJT. Also,
a workforce
training facility may be a school
environment where pre-employment
training is
provided through standardized or customized programs.
In the latter case, the training may
be offered as an incentive for economic
development prospects. Training facilities
may be show up as an item
of location data on a community
profile or at
the website of a place
seeking economic development.
transportation:
... the conveyance of people and/or things; a category
of location
data.
transportation hub:
... a center of an intersecting point for one or
more modes of transportation;
a place where
one or more modes of transportation converge, for example, a city that
is a regional transportation center (such a place may be identified
as a city-region in
the Regional
Site Selection Directory). A hub or center exists in
a location where
the transportation
infrastructure and
services facilitate enterprise
and economic development.
transportation infrastructure:
... transport provisions in a location; the
services and facilities of conveyance other than those of utilities
and communication
as
they
support ongoing
economic activity in an area. Transportation may
be seen as a header for a category of location
data, for example,
on a community
profile. Transportation along with communications
infrastructure,
demographics, real
estate and taxes and incentives are
arguably the most sought after information by prospects. Transportation
as a item
of location data typically covers water, air,
and ground facilities, vehicles and services that
part of the infrastructure of
an area.
triple net lease:
... defined
by InvestorWords.com; the net-net-net lease
that exists when, in addition to the stipulated rent payment, the
lessee assumes responsibility for all expenses associated with the
operation of the property. This includes both fixed expenses such
as taxes and insurance, and
all operating expenses, including cost of maintenance and repair.
Triple net lease agreements may require a renter to pay interest
on a lessors' property mortgage.
turn-key:
... a construction package, from ground-breaking to ribbon-cutting,
handled completely so that all that is left to do, so to speak, is
to turn the keys over to the buyer. A turn-key lease is one in which
the lessor agrees to give the lessee ready-to-occupy-property.
turnover:
... labor
turnover; a rate or count of workers leaving their jobs during
a given period of time. A turnover rate may be established with
attrition being the only explanation (attrition, however, is
the gradual reduction
in the size of a workforce that comes about by not replacing workers
lost through retirement or resignation.) Analysis requires examination
of involuntary turnovers, such as retirements, layoffs, terminations)
as well as voluntarily turnovers, such as workers leaving for better
jobs. Analysis also requires consideration of why employees are leaving
and the concern of the employer for keeping good workers on the job.
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